https://www.taxtmi.com/caselaws?id=427847 Criminal proceedings under Section 138 of the Negotiable Instruments Act were held unsustainable against directors who had resigned before the cheque was issued and were not signatories to it. The court treated Form 32 and other uncontroverted material as showing that the accused had ceased to be directors before the relevant transaction, so they were not persons in charge of the company's day-to-day affairs at the material time. On that basis, continuing the prosecution would serve no useful purpose and would amount to an abuse of process; the proceedings were quashed. en-us Thu, 08 Sep 2022 00:00:00 +0530 Mon, 19 Sep 2022 09:33:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427847 Criminal proceedings under Section 138 of the Negotiable Instruments Act were held unsustainable against directors who had resigned before the cheque was issued and were not signatories to it. The court treated Form 32 and other uncontroverted material as showing that the accused had ceased to be directors before the relevant transaction, so they were not persons in charge of the company's day-to-day affairs at the material time. On that basis, continuing the prosecution would serve no useful purpose and would amount to an abuse of process; the proceedings were quashed. Case-Laws Indian Laws Thu, 08 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427847